Decent bounce off the open for a lot of our holdings, much needed relief, but $NDX still hasn't cleared 29k and that's the real tell. $SMH versus its 50-day is the other line in the sand, lose that and this relief rally stalls out fast. Order flow's got 7540 on $ES as the pivot: reject it and it's bearish, clear it and there's a path back to 7600, though even then the read still expects weakness after that. If it rolls over instead, support stacks at 7485-7495, then 7435 and 7400.
Aggregated and distilled by Two Sentence Traders. Not financial advice.